Svyaznoy and Onexim Group are going to form a joint holding, Kommersant informed.
It will involve Svyaznoy-Logistika, Svyaznoy Bank, Renaissance Credit and Soglasie Insurance Company.
The partners carried on a due diligence of all assets participating in the transaction. Svyaznoy is appraised to worth $600-800mln.
The credit business is assumed to be transferred to Renaissance Credit; Svyaznoy Bank being a clearing bank; both brands considered to be used.
Svyaznoy Group is a federal retail network providing mobile services and com equipment.
The 2012-turnover rallied up 70.1% to 509bn rub. from 299.3bn rub.
"AK&M", 13:55, 10.10.2013 1251 AKM,COR